{"id":647247,"date":"2017-05-07T04:00:05","date_gmt":"2017-05-07T04:00:05","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/07\/conflict-over-the-one-stop-shop-policy-plagues-the-investment-act\/"},"modified":"2017-05-07T04:00:05","modified_gmt":"2017-05-07T04:00:05","slug":"conflict-over-the-one-stop-shop-policy-plagues-the-investment-act","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/07\/conflict-over-the-one-stop-shop-policy-plagues-the-investment-act\/","title":{"rendered":"Conflict over the one-stop shop policy plagues the Investment Act"},"content":{"rendered":"<p><strong>Talk of the Investment Act<\/strong> once again led the conversation on the airwaves last night. Hona Al Asema\u2019s <strong>Lamees Al Hadidi focused on the conflict surrounding the moribund notion of a \u201cone-stop shop\u201d policy<\/strong>. Defending the policy was GAFI chief Mohamed Khodeir, who insisted that the policy will be in effect and will see GAFI become the go-to place for commercial licenses for companies of all forms (including factories) in addition to allocating land (<a href=\"https:\/\/www.youtube.com\/watch?v=GpCI1WgvB20\">watch<\/a>, runtime: 9:53). Khodeir\u2019s remarks run contrary to claims over the weekend that multiple other agencies will retain the power to allocate land to the private sector, and it\u2019s unclear how the one-stop shop would mesh with the Industrial permits Act.<\/p>\n<p>House Economic Committee member Medhat El Sherif also backed the notion of the one-stop shop, saying <strong>GAFI will issue permits if the relevant authorities do not respond to a permit request within 60 days<\/strong>. House Housing Committee member Alaa Waly spoke against the policy, saying an investor would work with his or her industry\u2019s regulator anyway, seeing how it has the capacity and know-how to assess the project. <strong>EK Holding Chairman Moataz Al-Alfy came on to speak for business<\/strong> and said it would be better for businesses to work with the regulator for their industries.<\/p>\n<p><strong>Lamees next suggested there is a campaign afoot to postpone today\u2019s vote <\/strong>on the law due to deadlock among cabinet ministers over its most contentious clauses (the biggest being the one-stop shop). Legislative Affairs Minister Omar Marwan called-in to insist that today\u2019s plenary vote will go through as planned.<\/p>\n<p>You can catch the full episode on the Act and its contentious debates with MPs <a href=\"https:\/\/www.youtube.com\/watch?v=DWpInNpUu2w\">here<\/a> (runtime: 2:23:21).<\/p>\n<p><strong>Cabinet spokesperson Ashraf Sultan was in damage-control mode to downplay reports <\/strong><strong>of conflict around the cabinet table<\/strong> over the law during a call-in with Kol Youm\u2019s Amr Adib. He told Adib that the cabinet was in agreement on the law when it was approved and submitted to the House (<a href=\"https:\/\/www.youtube.com\/watch?v=d18wG1ubC-g\">watch<\/a>, runtime: 6:58).<\/p>\n<p><strong>Adib then went on to talk about his favorite topic of the last few weeks: the presidential <\/strong><strong>elections<\/strong>. He posited that former presidential candidate Hamdeen Sabbahy would run again and even stated that former anti-corruption boss Hisham Genena was making a run. The former head of the Central Auditing Organization subsequently told <a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=06052017&id=2436ab75-1e03-45f1-99ae-60d67ee45944\">Al Shorouk<\/a> that he does not plan to run for the presidency.<\/p>\n<p><strong>MP El Sayed El Sherif confirmed the House will discuss the FY 2017-18 budget on <\/strong><strong>Monday<\/strong> in a call-in to Al Hayah Al Youm\u2019s Lobna Assal (<a href=\"https:\/\/www.youtube.com\/watch?v=ijs97FFoEVQ\">watch<\/a>, runtime: 13:58).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Talk of the Investment Act once again led the conversation on the airwaves last night. Hona Al Asema\u2019s Lamees Al Hadidi focused on the conflict surrounding the moribund notion of a \u201cone-stop shop\u201d policy. Defending the policy was GAFI chief Mohamed Khodeir, who insisted that the policy will be in effect and will see GAFI [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9281],"tags":[2379,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-647247","post","type-post","status-publish","format-standard","hentry","category-enterprise-last-nights-talk-shows","tag-enterprise-last-nights-talk-shows","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"2050a8dd-c767-4bdb-9a7c-9c9f69a752af","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[647242],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Conflict over the one-stop shop policy plagues the Investment Act - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/07\/conflict-over-the-one-stop-shop-policy-plagues-the-investment-act\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Conflict over the one-stop shop policy plagues the Investment Act\" \/>\n<meta property=\"og:description\" content=\"Talk of the Investment Act once again led the conversation on the airwaves last night. Hona Al Asema\u2019s Lamees Al Hadidi focused on the conflict surrounding the moribund notion of a \u201cone-stop shop\u201d policy. Defending the policy was GAFI chief Mohamed Khodeir, who insisted that the policy will be in effect and will see GAFI [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/07\/conflict-over-the-one-stop-shop-policy-plagues-the-investment-act\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-07T04:00:05+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/07\/conflict-over-the-one-stop-shop-policy-plagues-the-investment-act\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/07\/conflict-over-the-one-stop-shop-policy-plagues-the-investment-act\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Conflict over the one-stop shop policy plagues the Investment Act\",\"datePublished\":\"2017-05-07T04:00:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/07\/conflict-over-the-one-stop-shop-policy-plagues-the-investment-act\/\"},\"wordCount\":435,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Enterprise+: Last Night\u2019s Talk Shows\",\"EnterpriseAM\"],\"articleSection\":[\"Enterprise+: Last Night\u2019s Talk Shows\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/07\/conflict-over-the-one-stop-shop-policy-plagues-the-investment-act\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/07\/conflict-over-the-one-stop-shop-policy-plagues-the-investment-act\/\",\"name\":\"Conflict over the one-stop shop policy plagues the Investment Act - 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We had the full breakdown of the findings in yesterday\u2019s issue. World Bank numbers consistent with gov\u2019t figures: Al Hayah Al Youm\u2019s Khaled Abu Bakr pointed out that a big part of the report\u2019s\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":651209,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/07\/gafi-chairman-mohamed-khodeir-gives-details-on-the-investment-act\/","url_meta":{"origin":647247,"position":1},"title":"GAFI chairman Mohamed Khodeir gives details on the Investment Act","author":"enterpriseam admin","date":"7 February 2017","format":false,"excerpt":"Incentives under the Investment Act will last for three years, Youm7quotes General Authority for Investment and Free Zones (GAFI) Mohamed Khodeir as saying. He added that these incentives have been made deliberately short to encourage speedy development of projects. The draftof the law which was shopped to the public had\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":647186,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/04\/a-very-boring-night-of-egyptian-talk-shows\/","url_meta":{"origin":647247,"position":2},"title":"A very boring night of Egyptian talk shows","author":"enterpriseam admin","date":"4 May 2017","format":false,"excerpt":"The airwaves served us with a random assortment of terribly non-exciting topics last night, with coverage of the latest happenings in the Investment Act being the most thrilling of the lot (we have more on that in Speed Round).Masaa\u2019 DMC\u2019s Osama Kamal spoke House Economic Committee member Rep. Ahmed Farghal\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":651790,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/21\/investors-union-claims-cbe-agreement-at-hand-automakers-have-been-slashing-prices-investment-act-may-pass-in-a-month-inshallah-angela-merkel-could-be-here-soon\/","url_meta":{"origin":647247,"position":3},"title":"Investors Union claims CBE agreement at hand; Automakers have been slashing prices; Investment Act may pass in a month (inshallah); Angela Merkel could be here soon","author":"enterpriseam admin","date":"21 February 2017","format":false,"excerpt":"Hona Al Assema\u2019s Lamees Al Hadidi spoke on Monday\u2019s meeting between the CBE and the Union of Egyptian Investors Association on settling LC-debt incurred by companies following the EGP float (the details of which can be found in the Speed Round). She interviewed Mohamed Khamis Shabaan, head of the Sixth\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":600589,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/04\/cooperation-with-germany-proposed-constitutional-amendments-in-the-limelight-on-talk-shows\/","url_meta":{"origin":647247,"position":4},"title":"Cooperation with Germany, proposed constitutional amendments in the limelight on talk shows","author":"enterpriseam admin","date":"4 February 2019","format":false,"excerpt":"Proposed constitutional amendments and our relationship with Germany were in the limelight on last night\u2019s talk shows. We have the full details on both stories in this morning\u2019s Speed Round, below.The German delegation currently in town is one of the biggest to visit Egypt, and was likely encouraged to kick\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601692,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/07\/econ-and-business-kept-talking-heads-busy-last-night\/","url_meta":{"origin":647247,"position":5},"title":"Econ and business kept talking heads busy last night","author":"enterpriseam admin","date":"7 March 2019","format":false,"excerpt":"Foreign holdings in Egyptian treasuries climbed to USD 15.8 bn by end-February amid a surge in appetite and positive sentiment (watch, runtime: 01:44). 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